Gold prices in India remained stable on January 8, 2025, with both 24-carat and 22-carat gold maintaining their positions in the market. The price of 24-carat gold was set at Rs 78,700 per 10 grams, while 22-carat gold was priced at Rs 72,140 per 10 grams. Additionally, silver was trading at Rs 91,400 per kilogram.
Across major Indian cities, the retail rates for 22-carat and 24-carat gold showed slight variations. In Delhi and Lucknow, 22-carat gold was priced at Rs 72,290 per 10 grams, while 24-carat gold stood at Rs 78,850. In Mumbai, Ahmedabad, Chennai, and other cities, 22-carat gold was priced at around Rs 72,140 per 10 grams, while 24-carat gold hovered around Rs 78,700.
Key Factors Influencing Gold Prices in India
Gold prices in India are primarily influenced by global market trends, international exchange rates, import duties, and taxes. Fluctuations in the supply-demand dynamics, as well as geopolitical developments, also play a crucial role in shaping the price of the precious metal.
Gold remains a significant asset in India, with cultural and financial importance. It is highly sought after for its role in weddings, festivals, and as a long-term investment. For many, gold serves as a stable store of value in times of economic uncertainty.
A Look at India’s Gold Market
With gold prices subject to frequent changes, it is essential for investors and traders to stay updated on the latest market trends. The constant monitoring of these fluctuations allows for informed decision-making, particularly in the context of gold’s ongoing cultural and financial relevance in India.
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